Member Info for news

Mining.com has a different take on the above.

"There are 8 concessions granted for the possible exploitation of lithium in the country,he noted, adding that it was the understanding of the govt that ONLY 1 OF THEM MET THE REQUIREMENTS TO KEEP THE PROJECT. The statement DID NOT mention the co it REFERRED TO.

Bacanora believes it satisfies the potential demands at its flagship SONORA lithium project, where it KICKED OFF EARLY CONSTRUCTION IN FEB.....adding it would keep shareholders advised of any FURTHER DEVELOPMENTS."

Ref: "Bacanora Lithium says Sonora project safe from Mexican reforms."-Mining.com, 4 Oct 2021

P.S.

"Picasso Lithium project, WA, Australia
left out "EASY BY ROAD."

Re: Big One
Answer: Assay from labs are not easy to predict. One share I am in, same thing. DYOR.

https://twitter.com/CastilloCopper/status/1445021680884195335 4.10.21
or https://twitter.com/CastilloCopper

NEWS JUST OUT:
Ged Hall, Director, CCZ:

"Great news for shareholders.

---------------PICASSO LITHIUM PROJECT, WA, AUSTRALIA--------------
Due Diligence identified SIGNIFICANT lithium occurrences at surface at Picasso.
69 individual pegmatites identified.
14 km by road to Liontown*s BULDANIA lithium project, WA, Australia.

---------------LITCHFIELD LITHIUM PROJECT, NT, AUSTRALIA------------
C O N T I G U O U S WITH CORE LITHIUM.

------------ARYA COPPER PROSPECT, QLD, AUSTRALIA--------------
DRILL TEAM HAS ARRIVED - test drill. What we hope could be a VERY LARGE DISCOVERY."

Comment:
Kindly listen and check as there can be listening errors.

News, Mon 4 Oct 2021
8:20pm

What we hope will be a VERY LARGE DISCOVERY.

You can read France 24 *s article dated 1.10.21 stating that :
"The British Faraday Institution ....has called the scramble for LITHIUM and OTHER METALS used to make them a -------21st CENTURY--------GOLD RUSH----."

"Lithium is MINED MOSTLY IN AUSTRALIA and South America, while China dominates the supply chain."

Ref: "Mexico eyes STATE MONOPOLY to tap LITHIUM RUSH."-France 24, 1.10.21

Comment:
Mexico is proposing to bring in a constitutional reform bill that future concessions in lithium will NOT be granted to private co*s. Only 8 concessions will remain valid provided the co*s "make the necessary progress toward PRODUCTION."

So, Australia is considered a Tier 1 jurisdiction and CCZ [option at Litchfield, nr Core Lithium in NT, Australia & Picasso, WA, Australia, near Liontown*s Buldania Lithium project & Bald Hill mine] appears to be in the RIGHT PLACE AT THE RIGHT TIME for the "21ST CENTURY GOLD RUSH ie Lithium.

To read and check, call up the title. Copper is also a green energy metal which CCZ is into.

Per Mr Colin Bird in his interview with Zak Mir, Wk-end, he said:
" BUSHRANGER : 2 1 holes."

Mr Bird, Executive Chairman of XTR gave an interview today to Zak Mir.
I listened to it and it was NOT required to register etc.
Apparently, from the little I heard, Mr Bird expressed confidence in COPPER going forward?

news, 4 Oct 2021
That is nice given XTR*s Bushranger is a copper-gold prospect in Lachlan Fold, NSW, Australia.

https://www.france24.com/en/live-news/20211001/mexico-eyes-state-monopoly to tap lithium-rush 1.10.21

"Proposal is included in a constitutional reform bill."

"IF approved, FUTURE CONCESSIONS TO extract MINERALS such as LITHIUM will NOT BE AWARDED TO P R I V A T E CO*S.

E I G H T concessions have been already granted for LITHIUM EXPLORATION would REMAIN V A LI D as long as the co*s make the N E C E S S A R Y PROGRESS TOWARDS S T A R T I N G
P R O D U C T I O N , the govt said."

"Lithium is mined mostly in AUSTRALIA & South America, while China dominates the supply chain."

"The British Faraday Institution...has called the SCRAMBLE for LITHIUM & OTHER METALS USED TO MAKE THEM A ------21ST CENTURY--------G O L D R U S H."

Comment:
The 2nd part is not just that co*s have to explore ie the 8 concessions already granted but from all that I have read today, there is a FURTHER CLAUSE ABOUT PROGRESSING TO P R O D U C T I O N.

News, Mon, 4 Oct 2021 @6:10pm

K.M is on his way to Brazil ie CEO KDNC.

So, maybe NO KDNC RNS on Mexico as BCN just RNS*ed?

From what I understand, 8 licences is OK provided "EXPLORATION HAS STARTED."

This is relating to MEXICAN nationalisation of lithium except above.

So, yeah, Ganfeng taking over BCN [KDNC*S JV partner] may have just ....?

Await further word from KM, CEO of KDNC relating to above and what the KDNC RNS will shortly say about SONORA Greater Lands [30% JV with BCN and now perhaps Ganfeng if the takeover get over the line?].

Mon, 4 Oct 2021.

" CCZ [option at P I C A S S O] : ------- 6 9 ----- PEGMATITES M A P P E D by the GEOLOGICAL SOCIETY OF WESTERN AUSTRALIA in previous SURVEY of the area." 4 Oct 2021 [Ref: Proactive Investors UK via 11:31am post below today]. Date: Mon, 4 Oct 2021 [+RNS]

versus

"LIONTOWN ANNOUNCES MAIDEN RESOURCE FOR ITS 100% OWNED B U L D A N I A project, WA."- ANN/RNS, 8 Nov 2019

Quote:
"MRE 74.9 Mt @0.97% Li20."

"BULDANIA OVERVIEW:
-----E I G H T MINERALISED PEGMATITES HAVE BEEN IDENTIFIED AT ANNE."

Comment:
I posted earlier from Liontown*s 1st ANN/RNS as to when they acquired the Buldania project. See below. However, I checked, fast forward ie from the time of acquisition of the licence to the time of MRE as to how many LITHIUM PEGMATITES they had and the answer is above from the MRE. Liontown Resources is one of the famous names in lithium now with a mkt cap of A$2bn+ with their 2 projects at ----Kathleen Valley [acquired 100% on 4 Aug, 2016 in WA at 3.5KM X 1KM, Oz --- and ----100% Buldania, WA, Australia.

Hence, it is of interest to SEE how many LITHIUM pegmatites mineralised at BULDANIA formed the MRE. Liontown Resources*s on ASX BULDANIA IS NEAR CCZ*S PICASSO, ALSO AT WA, AUSTRALIA [CCZ option].

To read and check, call up the title.

Big news out of Mexico relating to lithium today, Mon 4 Oct 2021.
Hence, KDNC*s JV partner has issued an RNS on this also today, 4 Oct 2021.
It relates to the Mexico govt announcement relating to lithium today.
However, I saw it last night from an economist covering S.America.

-------------SONORA LITHIUM, MEXICO -------- 4 Oct 2021---Mexico govt news

Above posted by Zak Mir. Mr Mir has put all the Colin Bird, Executive Chairman of XTR*s other co*s as well. So, one presumes that Mr Bird will talk NOT only about XTR but his other London listed co*s at the same time?

https://twitter.com/ZaksTradersCafe/status/1444923912614203394 Mon, 4 Oct 2021.

CCZ issued an RNS today, 4 Oct 2021 on both ASX and London relating to Cadence*s Picasso project, WA, Australia [lithium which is near Liontown*s A$2bn+ mkt cap BULDANIA lithium deposit."]

So, history begins at Picasso and no doubt more RNS*s relating to LITCHFIELD, NT, Australia near Core Lithium*s Finniss project which is Australian next lithium producer slated to start production in H2, 2022 [some reports say end 2022].

Mon, 4 Oct 2021
This was the project I was interested in ie Cadence Minerals 2 Australian lithium projects at Litchfield and Picasso. Cadence owns 29% and the other 71% is owned by another co.
These 2 lithium projects have now been potentially optioned out to CCZ who are carrying out due diligence. The 1st RNS from CCZ came out today, 4 Oct 2021 re: Geologist Consultant report on Picasso.

ORIGINAL LIONTOWN RESOURCES ANN, 23 OCT 2017:
"Liontown acquires highly prospective lithium project in WA." -ANN/RNS,23.10.17

"Initial focus will be at B U L D A N I A project where it will immediately undertake GEOCHEM
SAMPLING & FURTHER GEO MAPPING to define TARGETS for initial drill schedules for late 2017.

Extensive spodumene bearing PEGMATITE SWARM defined by previous exploration.

Located in the same PROVINCE and with the SAME GEOLOGICAL S E T T I N G as MT MARION & BALD HILL lithium d e p o s i t."

NO previous lithium exploration on the B U L D A N I A project past geological MAPPING [..] and PETROLOGICAL ANALYSES [WMC 1993]."

In the ann: Buildania licence/project was bought from Avoca Resources per the ann above.
Also, Liontown Resource said that they SOLD Core Lithium the Northern Territory licence/project at Finniss, also in the same announcement above.

Comment:
The above shows the FIRST ORIGINAL ANN/RNS from Lionresources relating to BULDANIA lithium project/licence that had just been bought. It is a good insight to COMPARE this original ANN/RNS with CCZ*s RNS and today [4.10.21] RNS of the above title header.

Why? It is industry news and CCZ*S PICASSO lithium project is located NEAR LIONTOWN*S FLAGSHIP BULDANIA LITHIUM PROJECT in WA, Australia.

So, it is of interest to show how Liontown issued info to the market then. Fast forward, Liontown has produced a JORC on Buldania and further exploration has discovered more resource at Buldania with HIGHER GRADE of lithium spodumene.

LIONTOWN SHOWS A MAP IN THE SAID ANN/RNS OF 23.10.17 VS CCZ*S MAP OF PICASSO , ALSO IN WA. ONE CAN SEE FROM THESE MAPS THE PROSPECTS.

Cadence Minerals [29% owner +71% other owner] of Picasso shows the map at
https://www.cadenceminerals.com/projects/It-Is/
or https://www.cadenceminerals.com/project/It-Is/
Cadence & other owner have granted CCZ an option. In CCZ*s RNS of 4 Oct 2021, they now refer to "VENDORS" which will be Cadence Min and the other owner.

Paul Johnson, CEO, POW, 44 mins ago, Mon 4 Oct 2021:
"Producing this Quarterly Report took me thru POW step by step. We have the incredible opportunity to deliver for shareholders.

Q4 is upon us - no -excuses- working full on to discover major metal deposits & throw off big chunks of value."

https://twitter.com/pauljohnson9691/status/1444964708361064450 Mon 4 Oct 2021
[Post POW Business Operation Update RNS, Fri, 1 Oct 2021]

"...detecting MULTIPLE elevated lithium surface READING.

These surface occurrence ALIGNED with 6 9 PEGMATITE outcropping MAPPED by Geological Society of Western Australia in previous survey of the aread.

The Consultant noted there were MULTIPLE OCCURRENCES of pegmatite outcropping with the
potential to host lithium mineralisation, providing NUMEROUS TARGETS for exploration."

https://twitter.com/proactive_UK/status/1444802956671520769

CCZ on ASX, Australia ANN: "Summary: Due Dilgence verifies lithium occurrence at PICASSO."
"Price sensitive: Yes."
"The announcement content will be available in 13 mins."
@10.30pm, Sun, 3 Oct 2021 [UK time]

Waiting for the announcemtn/RNS to appear shortly.

contd
Lithium Australia on ASX also sold Charger 2 other project in 2 other metals of which all 3 projects are very early stage. The Bynoe lithium project, NT, Australia is in a hot postcode but NO drilling has been done and no rock chip sample assays done either. Usually, co*s have to have some 2-3 projects. Why? If ever a project is sold and there are no other project, then it could be classified later as a shell co until a new biz is brought in. So, to prevent this situ, co*s have 2-3 projects ideally?

So, this is happening in the industry and PJ - A.Bell will be cognisant given Bell is an AUSTRALIA. Mr Bell said his grandfather worked in the Victorian gold fields in those days. So, an ideal person to run NEW BALLARAT GOLD CORPORATION [Victoria gold fields, Australia] in the coming and hopeful year end IPO for POW-RRR JV.

Both PJ and A.Bell made their names via re-structuring GGP, appointing Gervaise Heddle from Sydney and the rest is history. PJ also had success at Metal Tiger [Boswana copper]. It is of interest to mention this because IF it had not been for Havieron*s success, then maybe the path is harder to launch oneself in the market as opposed to a known quantity in that part of Paterson, WA, Australia. Hence, why I said PJ returns to PATERSON, WA, Australia to try for a 2nd chance at a project with potential but DRILLING IS THE FINAL TEST/result.

POWER METAL CAPITAL INVESTMENT
To me only, it sounds like Power Metal Capital Investment is an incubator or resource house.
So, instead of say PJ [Bell] looking all over for licences, they do it at a time when the market is not so red hot in the coming postcodes. It is known that Europe will need lithium for their eventual EV plays etc so maybe it is positioning AHEAD given PJ sees opportunities.
If it becomes MORE APPARENT, everyone will be all over this area and that means that POW could be late to the party? So, perhaps pegging now is the astute and opportunistic thing to do now if PEGGING is cheap/cheaper etc?

FINANCE
PJ is a Chartered Accountant with RISK expertise given he was a loss-adjustor in an insurance co. PJ has £500k invested in the co & I noticed that from early interviews his hair was black but has since turned all white given his boss does not like risk. PJ told Sarah Lowther in his recent interview he has not told the boss how much he has invested in toto in POW. So, PJ knows that
he has to juggle all the projects with the sums he has in POW treasury etc. Hence, the IPO*s are useful to provide some initial MODEST returns to mid-returns on the hope that one or more will turn out to be major discoveries as said on their website. That way, the NEW IPO co*s carry their own costs like drilling etc.

If PJ [Bell] had gone on their old strategy, at some time, they would RUN OUT of co*s to re-structure. Once shown, others can also do the same. So, perhaps why POW was born and this is my thesis only going from the little PJ and following some background l

I thought more about the new co cited in the RNS via operational update.
Shareholders are aware that 6 IPO*s are being planned so no need to go over old ground.

MY THOUGHTS ONLY:
In general, co*s spin out their licences situated in hot postcodes. For POW, it would be at the Paterson, WA, Australia say. Lots of drilling or coming drilling near Havieron. POW*s Wallal [nr Rio*s Winu postcode ] is in the structural window starting from Havieron to Rio*s Winu. It is of interest to see how the ANOMALIES play out once drilled near Havieron. 3 plays are in session near Havieron/Telfer area. I have visited 1 forum on London South East with the near Telfer play and they are all on edge. Why? This Paterson project is their main play.

POWER METAL RESOURCES
Here, we have several plays via coming IPO*ed which are in Australia [2] and an indirect Canadian play via First Class Metal [FCM]. So, given 6 potential IPO*s, one is not in the same position as the 1 main project 1 co. For me personally only, it means that I dont have to buy into 6 CO*S which saves me a bit of wonga but that*s me.

POWER METAL CAPITAL INVESTMENT [NEW CO]
It was in the update of 1 Oct 2021. Having thought a bit more, it is possible only from my perspective that once the 6 potential IPO*s are spun out, POW then waits for drilling at the IPO*s etc. The objective of POW which they stated themselves to look for major discoveries which is common to all exploration co*s. It is NOT guaranteed but that is the hope on eventual drill result/s.

POW IN-HOUSE
There will be those like Molopo Farms Complex [MFC] which is under JV. From the update, one is told that there may be a corporate move and further drilling?

As for the others, presumably POW will WORK on them ie all the geological basic work eg
gather a geological data base from previous reports, take rock/soil samples and do a field visit etc which will not cost an arm and leg. For that, perhaps Mr Friesen, Geologist Consultant to POW comes into play as the in-house expertise.

POWER METALS CAPITAL INVESTMENTS
PJ said in the RNS of 1.10.21 that the co is looking in Europe but he cannot give all the details for commercial reasons. Quite understandable given N.Mather of Solgold said that a billionaire [Oz[ pegged ALMOST ALL ROUND their Cascabel project in Ecuador given Solgold*s RNS*s detail exact licence applications etc.

In my perspective only, I think that the PJ [wanted Gervaise Heddle] and partners Court fight to take over the running of the Irish co ie replace director did not end in a victory. Perhaps this experience showed that it is NOT easy to remove the founder/director. So, perhaps that was how POW was born ie to GET THEIR OWN LICENCES and do the necessary pre-limin work.

Many co*s like in Australia are SPINNING out their exploration segments eg Lithium Australia on ASX has spun out or sold Bynoe to Charger so that they can IPO. Charger has IPO*ed with the main project being lithium in NT, Australia.

--------------L I T C H F I E L D LITHIUM PROJECT ,NT,OZ------------
Cadence*s [CCZ option] Litchfield is situated "ADJACENT" to Core Lithium*s Finniss pojrect, NT, Oz [DFS LITHIUM DEPOSITS]. A/c to Cadence CEO [K.M], Litchfield is 900m to the Core boundary.

v e r s u s
Charger Metals BRYNOE project [ASX, Australia] is also in the same Bynoe pegmatite field within the Burrell Creek formation, NT as Core Lithium*s Finniss [& Cadence*s Litchfield] BUT IT IS SOUTH-WEST AND AWAY FROM THE CORE*S DFS DEPOSITS.

CONCLUSION:
So, there are ONLY 2 explorers in the Bynoe Pegmatite Field, Burrell Creek, NT ie Charger & Cadence [CCZ option] together with Core Lithium who is going into production shortly per Stockhead.com.au.

Core Lithium in Mar 2021 took an option to acquire tenements in the same area SQUEEZED WITHIN FINNISS [not the Core DFS deposit area from recall]. -Co is not listed.

Ref: "Lithium Australia progresses sale of 70% in Coates, BYNOE and Lake Johnson to CHARGER METALS ahead of their ASX listing."-Proactive Investors, 1 July 2021

"The Bynoe pegmative field is -------ONE OF THE MOST PROSPECTIVE areas for lithium in the NT, and has many similarities to GREENBUSHES IN WA, OZ --ONE OF THE WORLD*S LARGEST
SPODUMENE DEPOSITS."

"The tenement is surrounded by ASX Core Lithium*s extensive holding with BYNOE {CHARGER] in CLOSE PROXIMITY to Finniss lithium project."

Ref: "Bynoe Pegmatite Field- The LITHIUM BEARING PEGMATITE OF THE BYNOE ARE
PRE-DOMINENTLY HOSTED WITHIN THE BURRELL CREEK formation." -Source, PorterGeo database.

Ref: Cadence -Litchfield
https://www.cadencemineral.com/projects/It-Is/
"The LITCHFIELD lithium project....IN A MINERAL RICH REGION...in geological terms, it is in the BYNOE PEGMATITE FIELD which is known to HOST LITHIUM MINERALISATION.

The primary and secondary targets were selected to host LITHIUM BEARING PEGMATITES intruded WITHIN THE B U R R E L L CREEK FORMATION."

Conclusion:
At this time, THERE ARE NO OTHER CO*s EXCEPT CHARGER [Bynoe lithium project] &
Cadence [CCZ option] LITCHFIELD that are in the same Bynoe Pegmatite Field, within the Burrell Creek formation, NT, Australia close to[Charger Bynoe} /ADJACENT { Cadence/CCZ Litchfield}.

Its a no wonder why Cadence [29% owner & 71% owner] & owner wants CCZ SCRIPT for Ltichfield & Picasso. In addition, Cadence revealed in their interims that they have taken a small number of shares in Charger.

LOL-Cadence is hedged for whoever is going to make the next potential discovery [IF] whether it is CCZ *s Litchfield or Charger*s Bynoe because there is NO ONE else in this part near Core Lithium*s Finniss project. A/c to Australasian Gold,ASX their project [early stage also] in NT is at the other SOUTHERN END which is not in the Burrell Creek from recall.

One will not know UNTIL DRILLING IS DONE by Charger at Bynoe or Cadence [CCZ option] at Litchfield, NT, Australia near and adj to Core Lithium Finniss proje

The Cadence Minerals [KDNC] option granted to Castillo Copper
relating to the above specified that additional payments do not come into play unless
2 conditions are satisfied ie drilling must be x metres apart etc.

Secondly, that the additional payment only kicks in if the JORC resource is proved up at 7.4Mt @1.3 li20 at LITCHFIELD,NT, OZ which is stated also to be the SAME RESERVE as Core Lithium*s Finniss project!!!

{Kiran Mozaria, CEO, Cadence said that 2 drill are needed at $1.3m in his Vox Mkt podcast].

Quite interesting that Cadence/owner of Litchfield appear confident or not?

Sat, 2 Oct 2021.